16, SPRAY CLOSE, COLWICK, NOTTINGHAM, NG4 2GT - £95,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 SPRAY CLOSE is a very small terraced house of 54m², built sometime between 1991 and 1995, which could now be worth an estimated £166,758. It was last sold for £95,000 in December 2014, which was around 6% below the average December 2014 terraced price in the Gedling local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

16 SPRAY CLOSE Sold Prices

Land registry data shows six sales for 16 SPRAY CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Gedling local authority area for the corresponding sale date. Most of the six 16 SPRAY CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 10 DEC	£95,000	£101,582	6% below HPI
2003 30 OCT	£91,500	£77,412	18% above HPI
2002 6 SEP	£75,000	£60,962	23% above HPI
2000 26 JUN	£53,950	£41,510	30% above HPI
1998 22 DEC	£46,000	£36,445	26% above HPI
1995 22 DEC	£43,000	£32,101	34% above HPI

16 SPRAY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gedling local authority area over time, sourced from the HPI. The six 16 SPRAY CLOSE sales between December 1995 and December 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2003 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the December 2014 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 16 SPRAY CLOSE be worth now?

16 SPRAY CLOSE might now be worth an estimated £166,758.

This is based on house price inflation of 75.5%, between December 2014 and April 2026, for terraced houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 75.5% inflationary increase is applied to the most recent sale price for 16 SPRAY CLOSE of £95,000 on 10th December 2014. For the value to have increased from £95,000 to £166,758 over the twelve years and eight months to April 2026, the following assumptions must hold true:

• The value of 16 SPRAY CLOSE has moved in line with the HPI for terraced houses in the Gedling local authority area.
• The December 2014 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SPRAY CLOSE has not materially changed since December 2014.

How Large is 16 SPRAY CLOSE?

16 SPRAY CLOSE is 54m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of terraced houses houses in Carlton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Carlton, and where 16 SPRAY CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 16 SPRAY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Carlton.

16 SPRAY CLOSE: Plot and Title Map

16 SPRAY CLOSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 16 SPRAY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 SPRAY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 SPRAY CLOSE?

16 SPRAY CLOSE is located in COLWICK, in the NG4 postcode district. The below map shows the position of No. 16 on SPRAY CLOSE.